WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 11/12/2019 - Watch out for weekly inventory data
InvestorsDoctor
Publish date: Wed, 11 Dec 2019, 10:41 AM
InvestorsDoctor
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11/12/2019
WTI Crude Oil Jan 20
Previous Close: 59.24 +0.22
Oil prices up slightly yesterday but gains were limited by more than expected weekly crude oil stock. Watch out for EIA weekly data on 1130pm tonight.
Hourly chart formed a sideway to higher trend, close above 60 for more upside.
Classic Support & Resistance
Resistance: 59.90 61
Support: 57.70 56.80
Recommend Trading Plan for the day:
1. Sell 58.90, stop 59.03, profit 58.77/58.64/58.51
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4400
Mini Crude : USD 2200
Disclaimer: For idea sharing only, trade at your own risk
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